Terrorist financing: Terrorist networks, new geopolitical front lines, modus operandi & risk analysis of the future

Interesting Facts

Terrorist financing is one of the most complex and resilient forms of organised crime. Every year, terrorist organisations worldwide move billions of funds derived from state support, illegal markets, smuggling, fraud, donations and digital financial structures. Due to their high adaptability, terrorist financing networks are becoming increasingly important.

Funds from terrorist financing flow into the global economic cycle via formal and informal financial systems, including financial institutions, hawala networks, cryptocurrencies and bogus foundations. This creates a significant risk of money laundering, sanctions evasion and terrorist financing, which is becoming increasingly difficult to detect.

In particular, there has been an increase in terrorist financing via local NGOs/NPOs and other association structures and crowdfunding in Germany.

For financial institutions, this means a significantly increased risk, combined with the need to continuously strengthen customer checks, sanctions screening, transaction monitoring, training and control mechanisms as well as adaptation to new threat patterns.

Target group:

Professionals and managers from:

• Financial institutions, payment service providers, fintechs
• AML/compliance departments, money laundering reporting and compliance officers
• Supervisory and law enforcement authorities

Find out more about the event here: Flyer “Terrorist financing: Terrorist networks, new geopolitical front lines, modus operandi & risk analysis of the future”